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me nay Homne numDer is l-wu-aaa-Du/a.Casino contract approvedTAMA (AP) — The Mesquakie Tribal Council has approved a seven year contract offered by Grand Casinos, Inc. of Plymouth, Minn., to build and manage a casino at the Mesquakie Indian Settlement near Tama.A casino official said a final agreement is pending more negotiations.Grand Casinos would guarantee the tribe a minimum of $100,000 a month, or $8.4 million over seven years. The total could be higher if the tribe’s 60 percent share of profits exceeds $100,000 a month.The council approved the contract on a 3-2 vote, but Tribal Chairman Keith Davenport has not signed the agreement. He has indicated he has some misgivings about the plan.“Internally the tribe is going through their review and research,” said Tom Brosig, chief operating officer of Grand Casinos. “There is a vote, but they still have to review it.”Brosig said Grand Casinos is offering to finance, build and manage the casino in exchange for 40 percent of the profits.Search is called off
Newspaper Details
Fort Madison Daily Democrat
Fort Madison, Iowa, US
Fri, Jun 19, 1992
Page 3
Full Page
Clipped by
Johnathan B.
IA, USA 27 Mar 2018
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